DAX Rebounds As Credit Suisse Gets Lifeline
(RTTNews) - German stocks rebounded on Thursday, with banks leading the surge after Credit Suisse Group AG said it would borrow up to 50 billion Swiss Francs or around $53.7 billion from the Swiss National Bank to pre-emptively strengthen its liquidity.
Investors also awaited a European Central Bank rate decision later in the day.
The benchmark DAX was up 178 points, or 1.2 percent, at 14,910 after tumbling 3.3 percent the previous day.
Lender Commerzbank jumped 4 percent and Deutsche Bank added 2.5 percent after recent heavy losses.
Energy firm Siemens Energy advanced 1.5 percent after announcing a capital increase.
DEUTZ lost almost 4 percent despite more than doubling its FY22 adjusted EBIT.
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Japanese Market Modestly Higher
The Japanese market is trading modestly higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,200 level, with gains across most sectors led by index heavyweights and financial stocks.
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5h 52min ago
Little Movement Seen For Indonesia Stock Market
The Indonesia stock market on Wednesday snapped the two-day losing streak in which it had stumbled more than 215 points or 3.2 percent. The Jakarta Composite Index now sits just above the 6,600-point plateau and it's expected to remain in that neighborhood again on Thursday.
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6h 4min ago
Australian Market Notably Higher
The Australian market is trading notably higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by mining stocks.
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6h 13min ago
Steady Start Eyed For Hong Kong Stock Market
The Hong Kong stock market on Wednesday snaped the two-day losing streak in which it had tumbled almost 450 points or 2 percent. The Hang Seng Index now sits just beneath the 23,790-point plateau and it's tipped to open modestly to the upside again on Thursday.
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6h 19min ago
Australia Capex Slips 0.2% In Q4
The total value of new capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Thursday - coming in at A$43.961 billion.
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6h 23min ago
China Stock Market May Reclaim 3,400-Point Level
The China stock market on Wednesday ended the two-day losing streak in which it had given up almost 35 points or 1 percent. The Shanghai Composite Index now rests just above the 3,380-point plateau and it's tipped to open in the green again on Thursday.
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6h 34min ago
Tech Rally May Boost Taiwan Stock Market
The Taiwan stock market on Wednesday ended the two-day slide in which it had given up almost 450 points or 2 percent. The Taiwan Stock Exchange now rests just above the 23,400-point plateau and it may add to its winnings on Thursday.
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7h 4min ago
Singapore Stock Market May See Support At 3,900 Points
The Singapore stock market has moved lower in three consecutive trading days, slipping more than 20 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 3,910-point plateau although it may stop the bleeding on Thursday.
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7h 34min ago
